article thumbnail

3 Tech Tools No HR Department Should Be Without

Insperity

Most payroll systems house historic data in the form of piece rate, commission, bonuses and other special pay types. The time and attendance system can confirm the presence of an employee, either within expectation or as a development opportunity. Managers can see when an employee invests significant time into a special project.

article thumbnail

3 Tech Tools No HR Department Should Be Without

Insperity

Most payroll systems house historic data in the form of piece rate, commission, bonuses and other special pay types. The time and attendance system can confirm the presence of an employee, either within expectation or as a development opportunity. Managers can see when an employee invests significant time into a special project.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Calculate Variable Cost: Examples and Best Practices

Empuls

Labor is also referred to as piece rate labor as it is the wage that is paid out to laborers based on their output as compensation for their work. Examples of variable costs There are many different kinds of variable costs in a company or a production facility. Some of the common examples of variable costs are: 1.

article thumbnail

Is Your Annual Incentive Pay Plan the Right Fit For Your Business?

Insperity

Commissions: Financial reward given as a percentage of each incremental sale (best for sales employees). Piece rate incentives: Compensation based on the level of individual output produced (best for manufacturing or production roles). Start by doing industry research on the incentive plans used by your competitors.

article thumbnail

Is Your Annual Incentive Pay Plan the Right Fit for Your Business?

Insperity

Commissions: Financial reward given as a percentage of each incremental sale (best for sales employees). Piece rate incentives: Compensation based on the level of individual output produced (best for manufacturing or production roles). Start by doing industry research on the incentive plans used by your competitors.